Tailored Builder’s Risk Solution for Site & Roadway Project in WA
I had previously worked with Shepherd on excess liability placements for several construction accounts and have consistently had positive experiences. When Shepherd launched its Builder’s Risk unit, I was eager to partner with them—particularly given the strength of their underwriting leadership and the involvement of industry respected builder’s risk expertise in developing the program.
Shepherd continues to differentiate itself through its speed to market, disciplined underwriting, and high- quality insurance solutions. They are valued partners, and I look forward to continuing to work with them as our relationship grows.
- CCIP
- $36M site and roadway modification project, including bus station shelters and bus-only access road
- 2-year term
- New Construction
- Washington
Program Type
- CCIP* $36M site and roadway modification project, including bus station shelters and bus-only access road
- 2-year term
- New Construction
- Washington
Placement Profile
- Builder’s Risk
- All Risk Builders Risk with Convective Storm and Wildfire
Background
The contractor had an established Master Builder’s Risk program in place to support its ongoing construction operations. However, when a new project emerged that exceeded the parameters of the existing program, the team needed a solution that could stand alone—without compromising coverage quality, speed, or underwriting discipline.
Having previously partnered with Shepherd on multiple excess liability placements, the broker was already familiar with Shepherd’s responsiveness, underwriting strength, and collaborative approach. With the recent launch of Shepherd’s dedicated Builder’s Risk unit—backed by respected industry leadership and deep technical expertise—the opportunity to extend the relationship into a complex property placement was a natural next step.
How it came together
Shepherd’s Underwriting team moved quickly, delivering a well-structured and competitive proposal tailored to the project’s specific risk profile. From initial submission through final review, the team demonstrated a clear understanding of construction exposures and the nuances that come with projects exceeding traditional master program thresholds.
Responsiveness was a defining factor throughout the process. Shepherd engaged proactively, addressed questions in real time, and provided clarity that supported a smooth internal review by the contractor’s Project Risk Services team. Ultimately, Shepherd’s proposal won due to a balance of coverage, structure, and competitive price. The placement reinforced Shepherd’s reputation for speed to market, disciplined underwriting, and high-quality insurance solutions.
